The 'Organisation for Economic Co-operation and Development' is headquartered in: MCQ with Answer and Explanation

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The 'Organisation for Economic Co-operation and Development' is headquartered in:

A. London

B. Geneva

C. Paris

D. New York

Answer: Option C

Solution (By JKSSB Mock Tests)

OECD is headquartered in Paris.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of the Indian economy, the term 'Twin Deficit' refers to:

A. Revenue deficit and primary deficit only

B. Budget deficit and trade surplus

C. Capital account deficit and fiscal surplus

D. Fiscal deficit and current account deficit

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Correct Answer: Option D

Explanation:
Twin deficit refers to the simultaneous existence of a fiscal deficit (government budget) and a current account deficit (external sector) in an economy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'India Trade Promotion Organisation' is responsible for:

A. collecting taxes

B. stock trading

C. organizing trade fairs and promoting exports

D. regulating banks

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Correct Answer: Option C

Explanation:
ITPO organizes trade fairs and promotes India's external trade.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of elasticity, cross elasticity of demand between two complementary goods is:

A. Negative

B. Positive

C. Zero

D. Infinity

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Correct Answer: Option A

Explanation:
For complementary goods (e.g., car and petrol), an increase in the price of one leads to a decrease in demand for the other, so cross elasticity is negative.

This question belongs to: Economy GK Economy Set 1

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